TAX AND SPEND AND THE GALLADHER AMENDMENT FOR EVERGREEN COLORADO REAL ESTATE
The tax and spenders are at it again trying to start the process of raising your Real Estate Taxes with out limit by killing the Gallagher Amendment. According to the “Gallagher Amendment the portion of residential property that is subject to taxation, referred to as the “assessed value,” declines when residential property values statewide grow faster than nonresidential properties. That means that when home values grow faster than business values, homeowners pay proportionately less, according to the Colorado Department of Treasury” (Coloradoran.com December 10th).
Because they build some houses in your neighborhood the county can’t pork it up and raise your taxes. They will still receive a large increase in tax when the new homes come on line but they can’t raise everybody’s taxes just for fun. This amendment would have raised homeowner’s taxes by many billions of dollars and even more families would have been foreclosed upon. Rents would also skyrocket as the bureaucrats help themselves to your wallet again.
Of course, its the bureaucrats who are pushing hard to extract more of your cash. If the Gallagher Amendment goes down your house payment and rent will go up about 30 to 40 %. They will tell you it is to create jobs! Please note, the government never creates any real jobs only businesses do. Colorado’s unemployment is one of the lowest in the country. More taxes, like they have in New York, California, and Massachusetts will only give us the hyper unemployment they have cultivated in those states.
If you let them destroy the Gallagher Amendment you will have less money for retirement, for a home of your own, for a car to get to work, for the kids college, for vacation, etc. The bureaucrats will have salary increases and congressional health care benefits but your schools will be no better, your roads will be no better, your job may go away, and your beautiful state will move 1000 miles closed to the east coast.
Contact us for a no obligation consultation. There are many things You can do right now to secure Your lifetime financial wealth. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES( www.aloan2own.com). We are the one stop shop for all your EVERGREEN COLORADO REAL ESTATE and EVERGREEN COLORADO HOME LOAN needs. Contact us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com. Don’t forget to register for your free mortgage loan origination rewards
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